262 Shareholders Meeting Part-2 (1/2)
Mo Lingtan went to sit in the middle chair amongst the other board members, looking like he was sitting on his throne while letting his subordinates work for him. This was par for the course as it was expected.
Besides Mo Lingtan, Mo Mushan and Mo Qiwn were also sitting there, whose faces had turned into ash but Mo Lingtan wasn't bothered about them. In his eyes they were nothing anyway.
They should have thought about the consequences before taking any actions against Mo Lingtan that he hadn't taken the position of CEO for nothing, his five years of work couldn't vanish so easily as they wished. There was no way he would allow it to happen let alone that it could.
”Dignified Stakeholders, last week, a board meeting was held under the chair of Chairman Mo to pass a proposal of Director Mo Qiwn for the removal of President Mo from his position as CEO of Shaan Industries.” Qi Zhu addressed the shareholders and again gasps had echoed in the entire room.
What!? Under the chair of Chairman Mo?
How could Mo Mushan hold a meeting to remove his own son from the position of CEO?
Was Mo Mushan really Mo Lingtan's biological father?
They heard some kind of news that Shaan Industries had stopped supporting Mo Mushan's Republic Party on the words of Song Zhilian. Though they don't know the reason. And now Mo Mushan was trying to remove Mo Lingtan from his position.
What did this Mo Family take Shaan Industries for?
Although the Mo Family was the founder of the company, it didn't mean they could remove and replace anyone as they please based on their personal interest.
The Mo Family shouldn't forget that now Shaan Industries was a public company and these shareholders were the real owners of this company in legal terms. So how dare Mo Mushan make a big decision before consulting them?
Moreover, the shareholders knew that since Mo Lingtan took the position of CEO, Shaan Industries' success had skyrocketed and it had become the number one company of Country X.
Therefore, there was no way they would allow the proposal to remove Mo Lingtan from his position.
”Since it was a big discussion, a majority of the board of directors agreement should be required and 76% of the board of directors had agreed with Director Mo Qiwn's proposal.” Qi Zhu continued.
Those board of directors who had agreed to Mo Qiwn's proposal started breaking out into a cold sweat profoundly when they saw the displeased faces of all of the shareholders.
Now, instantly, they were regretting taking the side of Mo Qiwn.
”However, as per rule 30 of the bylaw of the company, every proposal whether valid or void has to be presented in front of the Shareholders in a meeting. Since it was a big proposal, let's not forget the fact, the majority of the board of directors had also agreed to it, therefore, it is the duty of President Mo as a CEO to consider the shareholders' opinions as well, even though it was already considered voided. I hereby make a request to our shareholders to cast their vote whether this proposal should remain void or it should be considered valid.”
Qi Zhu summed up his speech in a precise manner so that it showed that Mo Mushan and Mo Qiwn overused their power along with disregarding the shareholders' power while Mo Lingtan still prioritized the shareholders' opinions even though the proposal had been passed against him.
Now, only the person who wouldn't take Mo Lingtan's side, he would have been considered to be bitten by a crazy dog.
However, before the shareholders started casting their votes, Mo Qiwn stood up to present his speech. No matter what, he wouldn't take this hit so easily.
”Dignified Stakeholders, since I had presented the proposal I have a reason which proves the incompetence of President Mo Lingtan which is why I want to remove President Mo Lingtan from his position. I would request the shareholders to let me give you a chance to see some facts which prove my point.” Mo Qiwn looked proactively at Mo Lingtan.